Farmers Receiving Larger Share of the “Food Dollar”

WASHINGTON, DC – For every dollar spent by a consumer on domestically produced food in 2019, U.S. farmers received just 14.3¢ of that “food dollar” on average. Though that sounds disappointing, according to the Economic Research Service (ERS) that farm share is actually higher than the previous year and reverses a 7-year trend. Average prices received by farmers have been relatively stable for the last three years, following sharp declines in 2015 and 2016. Beginning in March 2020, the ERS monthly Food Expenditure Series reported sharp declines in the share of eating-out food dollars., and farmers receive a smaller share from eating-out dollars due to added costs for preparing and serving meals at restaurants, cafeterias, and other food-service establishments.
(SOURCE: All Ag News)